BUZZ-U.S. Stocks on the Move-Alibaba, Five Star Quality, ITT Education
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock indexes were little changed on Friday. The Dow Jones industrial average was up 0.13 percent at 17,288.21, the S&P 500 was down 0.06 percent at 2,010.23 and the Nasdaq Composite was down 0.41 percent at 4,574.728.
** ALIBABA GROUP HOLDING LTD, $92.2, +35.59 pct
** YAHOO INC, $40.615, -3.49 pct
** AMAZON.COM INC, $330.33, +1.64 pct
Alibaba's shares rose as much as 46.6 percent in their first day of trading on Friday, lifting the Chinese online retailer's value to $245.76 billion. The company's initial public offering, on track to be the biggest ever if underwriters exercise their option to sell more shares, will help fund Alibaba's expansion in the United States and elsewhere. The sale raised more than $8.2 billion for the company after fees for underwriters, and about $13 billion for major shareholders, including Yahoo.
Shares of online retailer Amazon.com also rose.
** CHINANET ONLINE HOLDINGS INC, $2.34, +129.41 pct Continued...